North Shore Real Estate Update December 2015

In West Vancouver, there were 72 sales in the month of December. The sales to new listings ratio was 110% which represents a very very strong seller’s market. For December 2015 the sales to total active listings percentage was 25%, an increase from 16% in December 2014. Sales for December 2015 were up by 21 units compared to December 2014.

The West Vancouver listing inventory has decreased by 88 homes compared to November 2015 and decreased by 44 homes compared to December 2014. The average price year-to-date (YTD) is up 17% compared to December 2014 and is up by $58,108 compared to November 2015. The West Vancouver median price increased by $302,000 from November 2015 to December 2015 ($2,698,000 to $3,000,000).

In North Vancouver, there were 78 sales in the month of December. The sales to new listings ratio was 159% which represents a very very strong seller’s market. For December 2015 the sales to total active listings percentage was 94%, an increase from 39% in December 2014. Sales for December 2015 were up by 14 units compared to December 2014.

The North Vancouver listing inventory has decreased by 49 homes compared to November 2015 and decreased by 82 homes compared to December 2014. The average price year-to-date (YTD) is up 21% compared to December 2014 and is up by $13,265 compared to November 2015. The North Vancouver median price decreased by $15,000 from November 2015 to December 2015 ($1,490,000 to $1,475,000).